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Posts published in “Banking”

BoI threatens action against bakers over loans default

THE Bank of Industry (BoI), has threatened to take action against some bakers who refused to pay back the loans they got for the production of cassava composite bread.

The bakers took the loans under the aegis of Master Bakers and Caterers of Nigeria (AMBCN).

The Regional Manager, Northcentral of BoI, Mr Jack Kings, said the bank would take action to collect back the loans given to some of the members of master bakers.

Savannah Bank set to Resume Operation

Ten years after Savannah Bank’s licence was restored by a court judgement, indications emerged at the weekend that  the management is set to resume operations, soon.

Sources close to the owners of the bank said the massive  renovation works ongoing at its over 118 branches across the country are eloquent testimony that the bank which went into coma years ago due to some technical insolvency may eventually open for business in no distant time

Savannah Bank was  one of the leading banks in the country between 1999 and 2000. But the  institution suddenly plunged into  the murky  waters of politics and got trapped with depositors’ funds leading to the death of many.

FirstBank partners NESG on economic summit

As part of its continued commitment to create an enabling environment and opportunities for the promotion of sustainable growth and development of the economy, First Bank of Nigeria Limited has partnered The Nigerian Economic Summit Group (NESG) to host the 25th Nigerian Economic Summit (NES#25), its yearly flagship event.

The Silver Jubilee edition of the summit has: Nigeria 2050: Shifting gears as theme; it is scheduled to hold between October 7 and 8 at Transcorp Hilton, Abuja.

President Muhammadu Buhari, Vice President Yemi Osinbajo and Minister for Finance, Budget & National Planning, Mrs. Zainab Ahmed, are expected to grace the occasion.

How to Transfer Money Via Zenith Bank Mobile Money Short Code *966#

Zenith Bank Mobile Money transfer USSD Short Code *966# has indeed made Banking transaction in Nigeria very convenient.

With the Zenith Bank Mobile Money transfer USSD Short Code *966#, account holders can now customers easily transfer money to other Zenith bank customers and even to customers of other banks in Nigeria.